Islamic banks
Of Islamic economics have comes in to talk about Islamic banks, their objectives and the sources of funds, and the services provided by the legal provisions relating thereto.
And the origin of the idea of banks are imported from non-Muslims, do not come to anything new that I said if you opened the jurisprudential sources Kalmgne and kindergarten applicants and guidance and the Code, you will not find newly banks or banks.
However, the Muslims when they saw others, have found banks and it will lead work and services necessary for the people, they realized that the existence of an alternative Islamic banks, the need should be met, so that we take this idea caused by non-Muslims, and make them a picture-Islamic.
If he were to say: that this is not such as to imitate the infidels, the answer is that taking the means of dealing and organizing life, if not related to faith and was a symbol of Kfar distinguishes them from others, so done, be Michbha them, but the affair-year-regulated life, and runs affairs of the people, when the infidels and others, is done not by imitating the infidels and the Prophet and his companions, have taken the many means were used when non-Muslims, they took to achieve the objectives of Islam, Vlahrj in it, because it is not by imitating the infidels is forbidden in Islam.
Let's start by talking about the objectives of Islamic banks:
The objectives of Islamic banks are not providing services, but much deeper than that, some of them linked to ideology, the most important goals and objectives:
One of them: get rid of the economic dependency of non-Muslims.
This goal is a higher goal of Islamic economics, as the banking and monetary system, if Mqaalida become non-Muslims, however, led to the enslavement of the nation.
The economy in this era could destroy countries and communities, and threatens security and stability, may lead to the withdrawal of capital from state banks will collapse, and lead the State to become gain power politics is not her own, and subject its legislation, but her faith to those who controlled the economy, from here to be Islamic banks to find a giant, manages the economy in a Muslim country, and got rid of the dependency.
This is the basic idea of this goal, and the fork to the three branches:
First, in banking transactions.
It is important to establish banks in Islamic countries, the banking transactions among Muslims and lead services needed by the Muslim peoples, such as sending money abroad or receive money, or the opening credits of the merchants, and sometimes great deals, the there was no Islamic banks will be forced Muslims to non-Muslims to open their branches, and then the entire banking system becomes restricted banking transactions of non-Muslims, and this risk must be avoided.
Second: Monetary Affairs:
It is no secret that many of us wondering how the dollar became the strongest currency in the world, the answer is that we are because of our dependence on the global monetary system, the only obligatory that Muslims seek to be there is a stronger global Islamic currency from the dollar, or at least contending.
Third, capital.
Of the objectives of the Islamic Bank Islamic channel capital into the country in which Islamic and invested, and managed at the hands of Islam.
The second of the objectives of Islamic banks: the collection and investment of capital.
Through these channels:
A - stimulate savings, calling the Islamic bank, the owners of the funds, to invest in long-term projects to benefit the economy of the Islamic countries.
B - reduction of inflation, causing inflation when the currency weakens, ie, that the currency can not be matched in the purchasing power within the country, Islamic banks, do not resort to the creation of money for free, because it is only based on the investment of its deposits without illicit enrichment, while the banks commercial opening credits are pulling it, and benefit-based bank of times the amounts deposited with him, and this spending is not offset by production increases the size of the rolling of the without monetary exchange of goods or services, and as a result of this is the high prices and get inflation, Banks Islamic objectives the elimination of these appearances.
C - to encourage direct trade transactions between the Islamic countries, and thus does not interfere with the global non-Islamic banks, freed trade and facilitate exchange, and say with deep regret that this goal has started in Europe and the West, not only in Islamic countries.
D - investment funding, means that a trader who wants to open its money in ways that the legitimacy of investment projects, the bank provided him with this money so as not to go to the riba-based banks located in the usury.
E - Zakat collection and distribution, benefit from the Zakat collected by Vistthmr benefit in this important part of Islamic economics.
These are the overall objectives of Islamic banks, and if not achieved these goals have failed miserably and turned to the phenomenon of formal play a secondary role of the free content.Islamic sources of funds in Islamic banks:
Divided sources of funds in Islamic banks into two parts:
1 - internal sources:
A bank's capital, the difference between the Islamic Bank, that the owners of capital and the partners are not creditors of the bank in case the Islamic bank, while they are creditors of the bank in the case of riba-based bank.
The second is the internal source: Funds retained earnings [precautions].
So that the right of the bank to book profits to protect the capital, for if there is a profit and got a loss later, the loss is covered by profits, and this is an agreement from the outset between the bank and the client, and we have in Islamic jurisprudence in the company of speculation, does not take speculative profit even authorize the owner of the money because it can make profit in the capital guarantee because of the loss that may occur.
2 - external sources: and below:
First deposits.
Is the largest external source of deposits, Islamic bank, public funds and deposits to the people, and there are types, including:
o investment deposit: a savings account.
o deposit on demand: the current account.
o deposit savings: They have to put your money for a long time, Vtdka and take it as a profit.
o The deposit documents: documents and put them you need to take taxi.
Perhaps the most money and the bank deposits made by the people and has traded in the market.
Second, grants and donations.*******Services offered by the Bank of the Islamic Sharia and provisions:
Public transactions performed by the Islamic banks, revolving around these contracts: lease, company, loan, guarantee, agency, depositary and transfer.
And some of the transactions is composed of two or three or four of these contracts.
And function of the Shariah Board of the Bank to come out of services and transactions provided by the Islamic Bank Takriga legitimate within these seven decades, and perhaps others as well, provided that where there is no gimmick, and this showed some scientists view the downside is the need to become independent Shariah Islamic banks for the management of the bank so as not to resort to tricks to legalize what is forbidden.
These provisions of certain transactions performed by the Islamic banks:
1 - save the deposits, Islamic bank deposits subscriber saves money and gives them a profit if the investment deposits, and may also take a taxi to save money that was intended to deposit just to save it.
But the bank may not give a fixed interest on the deposit, but take a taxi about the work of banking services.
2 - banking transactions, and the most important thing people ask about these days:
ý (credit card)
It card payments, and has 200 banks in the world in more than 163 countries issued a credit card.
And confusion, which in this card that the bank takes from the merchant discount of the invoice when you purchase the customer from the merchant, and this discount the face of it the benefit of usury against the lending bank customer to the card holder, and this loan is riba and riba-based banks to take over the late fees if the delayed recovery of the loan from the client with interest of course.
This lending accelerated in the sense that the bank takes the interest from the merchant immediately and then recover the debt from the client after that.
Some scientists say the mouthpiece of the bank that says the dealer, "Do not you merchant partner in selling the card holders only if they pay him the benefit of the loan," the mouthpiece of the holder to tell the dealer: "I buy from you and refer you the price on the bank, if they pay loan interest of the Bank ".
The second, but the problem that when you withdraw cash from your account from another bank, the interest you deduct $ 4%, the interest on the loan.
If it is asked, how Islamic Bank will issue the card, and how it allows the use of, the answer is they say we do not allow him to draw from our bank in cash, and the resolution of the merchant is the commission for the benefit of facilitating the transaction by the card.
As for the single host adapter based banks credit riba is haraam because it explicitly, and the Islamic Bank, it will not matter of suspicion, and God knows.
ý sell stocks and bonds.
What is the difference between stocks and bonds?
Share is a stake in the company's capital to buy any part of the company, including on the other hand, has as much of their holdings of stock, the factory was part of the possession of the plant.
The bonds are debt you on the company, an instrument that includes a commitment from the bank to pay the holder an amount in the history of a certain interest rate often.
To illustrate this, we mention this example:
& May need a company to the amount of money to finance their projects, and since they do not have a balance of money, they resort to a trick, are issued bonds to the amount you need and the exposure of these bonds to the public for purchase, and each bond interest, if the period elapsed responded to the value of bonds, benefited to get money.
And the sale of shares is permissible to three conditions:
A - to be shares in a real and not fake, and information.
B - does not include transactions that the company deceived or fraud, deceit or ignorance.
C - Not to be active in the trade of prohibited plants, such as banks or usury or wine companies of cinema.
And riba-based banks handle the sale of bonds, but the banned Islamic banks, the Vasaddarha of the first action is illegal, and Altbaya which may not be as well, is not valid for the holder to sell it.
ý letters of guarantee:
Is that the bank undertakes to accept paying a certain amount upon request to the beneficiary [the cargo owner, who wants to sell it from another country, for example] on behalf of the student insurance [merchant in the country who wants to import the goods and requests the bank letter of guarantee to assure that the merchant source to deal with it] , a type of insurance money, and ensuring the seriousness of each party.
The question is: When the Islamic Bank gives a speech to a dealer that is guaranteed by the bank, does the Bank may take against this? Of the scholars said that it may provide service to the customer takes out a commission, but the fact that the letter of guarantee is a pure charity is not permissible to charge it.
This if the letter of guarantee is not covered, meaning that the student insurance did not put in the bank balance The amount of the warranty request it, but if you put it, and took the bank a sum for his services only, then it is permissible, because the bank did not take against the loan given to a student security.
ý open documentary credits:
The documentary credit is for the Bank to pay cash to the source of the goods upon the request of the client, then it is a means to implement to meet the price between the seller and the buyer.
If the bank paid out of his money if he lends the customer, then take him after that and increase the usefulness of this is usury particular, although it takes compared to what he had done from the services of communication between the parties and facilitate the arrival of the goods, took the payment for the legal, but problematic if the the amount given by the bank to the merchant in the outside (for example) on behalf of the client, is not covered by the customer, in the sense that the client did not put in the bank balance, then the bank says it is taking a commission fee, but in fact makes the payment of commission is a ploy to take interest on interest, and say The officer here is considered an example of his fees, if those fees and services, like the taxi commission charged by the bank and it was not only permissible, and Allah knows best.
ý sell currencies:
If the Islamic bank currency dealing, he must take into account the condition at the same sitting Altbaya between the two currencies do not even located in riba al.
ý transfers:
The Islamic bank may take a commission on transfers in exchange for services provided by, and benefits as well as profit in the currency trade when converted to foreign currency is different.
ý checks and bills of exchange, promissory note:
Check, is from the client to the bank to pay to a third person recorded in the check amount from his account current.
The bill is like a check, but the bill may not be the withdrawal from a bank, but from the other, and that the check is payment on the spot, while the bill in a given time.
Or promissory note is written between the two is that it owes a debt to so and undertakes to pay the amount as well as of a certain date, Valsnd promissory note is between two and there is no bank here.
PN is consistent with the bill that the payment at a certain date, but the PN has no bank, no bill.
The line of the check and bill of exchange in the presence of a third party is paid, but the bill may be the bank may be others, and another difference that the check is paid immediately.
The example that comes riba-based bank said those who had a check for 60 thousand, for example, take the 50 thousand accelerated, and I get the check and the rest to me, and says Islamic Bank Why do not practice the process of discount commercial paper Kalkmbialat and promissory notes and checks, and this may not be of the Islamic Bank to deal in, because it is only a ploy to eat usury.
But if we assume that the check or bond trading on the IDB itself, is it permissible for him to speed up payment for the customer to drop some of the religion, rather that this is permissible, because it is peace for deferred interconnected off, or put a rush.
But if he is on the bank, the Bank may not exercise the process of discount commercial paper, because that is usury.
The Bank may take a commission on the collection of commercial paper, in the sense that, on behalf of clients who want to collect their money, fees, and send follow-up notifications, payment notifications .. Etc., must be suitable for this commission effort, in the sense that the payment for the same.
Of Islamic economics have comes in to talk about Islamic banks, their objectives and the sources of funds, and the services provided by the legal provisions relating thereto.
And the origin of the idea of banks are imported from non-Muslims, do not come to anything new that I said if you opened the jurisprudential sources Kalmgne and kindergarten applicants and guidance and the Code, you will not find newly banks or banks.
However, the Muslims when they saw others, have found banks and it will lead work and services necessary for the people, they realized that the existence of an alternative Islamic banks, the need should be met, so that we take this idea caused by non-Muslims, and make them a picture-Islamic.
If he were to say: that this is not such as to imitate the infidels, the answer is that taking the means of dealing and organizing life, if not related to faith and was a symbol of Kfar distinguishes them from others, so done, be Michbha them, but the affair-year-regulated life, and runs affairs of the people, when the infidels and others, is done not by imitating the infidels and the Prophet and his companions, have taken the many means were used when non-Muslims, they took to achieve the objectives of Islam, Vlahrj in it, because it is not by imitating the infidels is forbidden in Islam.
Let's start by talking about the objectives of Islamic banks:
The objectives of Islamic banks are not providing services, but much deeper than that, some of them linked to ideology, the most important goals and objectives:
One of them: get rid of the economic dependency of non-Muslims.
This goal is a higher goal of Islamic economics, as the banking and monetary system, if Mqaalida become non-Muslims, however, led to the enslavement of the nation.
The economy in this era could destroy countries and communities, and threatens security and stability, may lead to the withdrawal of capital from state banks will collapse, and lead the State to become gain power politics is not her own, and subject its legislation, but her faith to those who controlled the economy, from here to be Islamic banks to find a giant, manages the economy in a Muslim country, and got rid of the dependency.
This is the basic idea of this goal, and the fork to the three branches:
First, in banking transactions.
It is important to establish banks in Islamic countries, the banking transactions among Muslims and lead services needed by the Muslim peoples, such as sending money abroad or receive money, or the opening credits of the merchants, and sometimes great deals, the there was no Islamic banks will be forced Muslims to non-Muslims to open their branches, and then the entire banking system becomes restricted banking transactions of non-Muslims, and this risk must be avoided.
Second: Monetary Affairs:
It is no secret that many of us wondering how the dollar became the strongest currency in the world, the answer is that we are because of our dependence on the global monetary system, the only obligatory that Muslims seek to be there is a stronger global Islamic currency from the dollar, or at least contending.
Third, capital.
Of the objectives of the Islamic Bank Islamic channel capital into the country in which Islamic and invested, and managed at the hands of Islam.
The second of the objectives of Islamic banks: the collection and investment of capital.
Through these channels:
A - stimulate savings, calling the Islamic bank, the owners of the funds, to invest in long-term projects to benefit the economy of the Islamic countries.
B - reduction of inflation, causing inflation when the currency weakens, ie, that the currency can not be matched in the purchasing power within the country, Islamic banks, do not resort to the creation of money for free, because it is only based on the investment of its deposits without illicit enrichment, while the banks commercial opening credits are pulling it, and benefit-based bank of times the amounts deposited with him, and this spending is not offset by production increases the size of the rolling of the without monetary exchange of goods or services, and as a result of this is the high prices and get inflation, Banks Islamic objectives the elimination of these appearances.
C - to encourage direct trade transactions between the Islamic countries, and thus does not interfere with the global non-Islamic banks, freed trade and facilitate exchange, and say with deep regret that this goal has started in Europe and the West, not only in Islamic countries.
D - investment funding, means that a trader who wants to open its money in ways that the legitimacy of investment projects, the bank provided him with this money so as not to go to the riba-based banks located in the usury.
E - Zakat collection and distribution, benefit from the Zakat collected by Vistthmr benefit in this important part of Islamic economics.
These are the overall objectives of Islamic banks, and if not achieved these goals have failed miserably and turned to the phenomenon of formal play a secondary role of the free content.Islamic sources of funds in Islamic banks:
Divided sources of funds in Islamic banks into two parts:
1 - internal sources:
A bank's capital, the difference between the Islamic Bank, that the owners of capital and the partners are not creditors of the bank in case the Islamic bank, while they are creditors of the bank in the case of riba-based bank.
The second is the internal source: Funds retained earnings [precautions].
So that the right of the bank to book profits to protect the capital, for if there is a profit and got a loss later, the loss is covered by profits, and this is an agreement from the outset between the bank and the client, and we have in Islamic jurisprudence in the company of speculation, does not take speculative profit even authorize the owner of the money because it can make profit in the capital guarantee because of the loss that may occur.
2 - external sources: and below:
First deposits.
Is the largest external source of deposits, Islamic bank, public funds and deposits to the people, and there are types, including:
o investment deposit: a savings account.
o deposit on demand: the current account.
o deposit savings: They have to put your money for a long time, Vtdka and take it as a profit.
o The deposit documents: documents and put them you need to take taxi.
Perhaps the most money and the bank deposits made by the people and has traded in the market.
Second, grants and donations.*******Services offered by the Bank of the Islamic Sharia and provisions:
Public transactions performed by the Islamic banks, revolving around these contracts: lease, company, loan, guarantee, agency, depositary and transfer.
And some of the transactions is composed of two or three or four of these contracts.
And function of the Shariah Board of the Bank to come out of services and transactions provided by the Islamic Bank Takriga legitimate within these seven decades, and perhaps others as well, provided that where there is no gimmick, and this showed some scientists view the downside is the need to become independent Shariah Islamic banks for the management of the bank so as not to resort to tricks to legalize what is forbidden.
These provisions of certain transactions performed by the Islamic banks:
1 - save the deposits, Islamic bank deposits subscriber saves money and gives them a profit if the investment deposits, and may also take a taxi to save money that was intended to deposit just to save it.
But the bank may not give a fixed interest on the deposit, but take a taxi about the work of banking services.
2 - banking transactions, and the most important thing people ask about these days:
ý (credit card)
It card payments, and has 200 banks in the world in more than 163 countries issued a credit card.
And confusion, which in this card that the bank takes from the merchant discount of the invoice when you purchase the customer from the merchant, and this discount the face of it the benefit of usury against the lending bank customer to the card holder, and this loan is riba and riba-based banks to take over the late fees if the delayed recovery of the loan from the client with interest of course.
This lending accelerated in the sense that the bank takes the interest from the merchant immediately and then recover the debt from the client after that.
Some scientists say the mouthpiece of the bank that says the dealer, "Do not you merchant partner in selling the card holders only if they pay him the benefit of the loan," the mouthpiece of the holder to tell the dealer: "I buy from you and refer you the price on the bank, if they pay loan interest of the Bank ".
The second, but the problem that when you withdraw cash from your account from another bank, the interest you deduct $ 4%, the interest on the loan.
If it is asked, how Islamic Bank will issue the card, and how it allows the use of, the answer is they say we do not allow him to draw from our bank in cash, and the resolution of the merchant is the commission for the benefit of facilitating the transaction by the card.
As for the single host adapter based banks credit riba is haraam because it explicitly, and the Islamic Bank, it will not matter of suspicion, and God knows.
ý sell stocks and bonds.
What is the difference between stocks and bonds?
Share is a stake in the company's capital to buy any part of the company, including on the other hand, has as much of their holdings of stock, the factory was part of the possession of the plant.
The bonds are debt you on the company, an instrument that includes a commitment from the bank to pay the holder an amount in the history of a certain interest rate often.
To illustrate this, we mention this example:
& May need a company to the amount of money to finance their projects, and since they do not have a balance of money, they resort to a trick, are issued bonds to the amount you need and the exposure of these bonds to the public for purchase, and each bond interest, if the period elapsed responded to the value of bonds, benefited to get money.
And the sale of shares is permissible to three conditions:
A - to be shares in a real and not fake, and information.
B - does not include transactions that the company deceived or fraud, deceit or ignorance.
C - Not to be active in the trade of prohibited plants, such as banks or usury or wine companies of cinema.
And riba-based banks handle the sale of bonds, but the banned Islamic banks, the Vasaddarha of the first action is illegal, and Altbaya which may not be as well, is not valid for the holder to sell it.
ý letters of guarantee:
Is that the bank undertakes to accept paying a certain amount upon request to the beneficiary [the cargo owner, who wants to sell it from another country, for example] on behalf of the student insurance [merchant in the country who wants to import the goods and requests the bank letter of guarantee to assure that the merchant source to deal with it] , a type of insurance money, and ensuring the seriousness of each party.
The question is: When the Islamic Bank gives a speech to a dealer that is guaranteed by the bank, does the Bank may take against this? Of the scholars said that it may provide service to the customer takes out a commission, but the fact that the letter of guarantee is a pure charity is not permissible to charge it.
This if the letter of guarantee is not covered, meaning that the student insurance did not put in the bank balance The amount of the warranty request it, but if you put it, and took the bank a sum for his services only, then it is permissible, because the bank did not take against the loan given to a student security.
ý open documentary credits:
The documentary credit is for the Bank to pay cash to the source of the goods upon the request of the client, then it is a means to implement to meet the price between the seller and the buyer.
If the bank paid out of his money if he lends the customer, then take him after that and increase the usefulness of this is usury particular, although it takes compared to what he had done from the services of communication between the parties and facilitate the arrival of the goods, took the payment for the legal, but problematic if the the amount given by the bank to the merchant in the outside (for example) on behalf of the client, is not covered by the customer, in the sense that the client did not put in the bank balance, then the bank says it is taking a commission fee, but in fact makes the payment of commission is a ploy to take interest on interest, and say The officer here is considered an example of his fees, if those fees and services, like the taxi commission charged by the bank and it was not only permissible, and Allah knows best.
ý sell currencies:
If the Islamic bank currency dealing, he must take into account the condition at the same sitting Altbaya between the two currencies do not even located in riba al.
ý transfers:
The Islamic bank may take a commission on transfers in exchange for services provided by, and benefits as well as profit in the currency trade when converted to foreign currency is different.
ý checks and bills of exchange, promissory note:
Check, is from the client to the bank to pay to a third person recorded in the check amount from his account current.
The bill is like a check, but the bill may not be the withdrawal from a bank, but from the other, and that the check is payment on the spot, while the bill in a given time.
Or promissory note is written between the two is that it owes a debt to so and undertakes to pay the amount as well as of a certain date, Valsnd promissory note is between two and there is no bank here.
PN is consistent with the bill that the payment at a certain date, but the PN has no bank, no bill.
The line of the check and bill of exchange in the presence of a third party is paid, but the bill may be the bank may be others, and another difference that the check is paid immediately.
The example that comes riba-based bank said those who had a check for 60 thousand, for example, take the 50 thousand accelerated, and I get the check and the rest to me, and says Islamic Bank Why do not practice the process of discount commercial paper Kalkmbialat and promissory notes and checks, and this may not be of the Islamic Bank to deal in, because it is only a ploy to eat usury.
But if we assume that the check or bond trading on the IDB itself, is it permissible for him to speed up payment for the customer to drop some of the religion, rather that this is permissible, because it is peace for deferred interconnected off, or put a rush.
But if he is on the bank, the Bank may not exercise the process of discount commercial paper, because that is usury.
The Bank may take a commission on the collection of commercial paper, in the sense that, on behalf of clients who want to collect their money, fees, and send follow-up notifications, payment notifications .. Etc., must be suitable for this commission effort, in the sense that the payment for the same.
